The Cleveland-Elyria metropolitan area had an average property tax amount of $$3,561 and an effective tax rate of 2.11 percent. The average property taxes in the metro area increased 6 percent when compared to 2016. Nationwide, the average metro area property tax rate increased just 3 percent.

Overall, Ohio isn’t the worst offender. States like New Jersey, New Hampshire, and Illinois have the highest effective property tax rates. However, when Ohioans are paying more than residents in traditionally high-tax states, residents take notice.

Using home prices, mortgage costs and median income figures, the trade association concluded that buyers in Ohio have the easiest time affording a home while those in Hawaii and California have the toughest time.

The four most affordable metropolitan areas in the nation are all in Ohio: Youngstown, Dayton, Toledo and Akron. In those areas, typical households can buy about 75 percent of homes for sale.

The survey looked more at the availability of purchasing a home and the barriers to doing so than the long-term costs associated with home ownership. Ohio property taxes are still a reality for would-be home buyers. However, if the data is correct, getting there is easier in Ohio than elsewhere.

Considering a Move?

Property taxes will encounter a homeowner no matter where they buy their home. However, if you’re considering a move then property taxes should be a consideration.

City vs City is a powerful cost of living tool that examines local data to determine the cost of living in your area. By examining costs and expenses at the zip-code level, City vs City accurately determines how much it costs to live in your city.

Post navigation

The estimates provided by this cost-of-living calculator are not exact, they are just more precise estimates than what alternative calculators can produce. Always consult with a tax professional before making financial decisions